The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-16
CONDITION OF THE MARKETS.
Wheat Receivers Fraction, but the Mar.
ket Rules Dull and Featureless.
Corn Dull and Unchanged, with Unusually
Small Transactions-0a Unchanged
Provisions Stronger and More Active.
MONEY. BONDS AND STOCKS.
The Passage Of the Interstate Commerce Bill
Affects the Market Slightly.

The Passage Of the Interstate Commerce Bill
Affects the Market Slightly.
NEW YORK, Jan. 15.--Money of call was easy at
41s05 per cent, closing at B.
Prime mercantile paper, 607 percent.
Sterling exchange was dull but steady at 81. S219
tF sixth-day bills and Sd. S64 for demand
The total sales of stock to-day 434 O42 shares
Including the following Delaware, Lackawanna 81
Western I8, $50; Erie IL, 100; Lake Shore Ia 535;
Louisville & Nashville, $500; Manhattan Consoli
dated $3.50; Northwestern, a. 100; Peoria. Decatur
& Evansville, AGO. Reading. 29.778; st. Paul. 49,
300; St. Paul g. Omaha, 1890; Texas & Pacific, z.
23Oi Union Pacific. 317o0; Western Union, 8, IT'S.
Government and State bonds were dull and steady.
The long expected break in the stock market to
seed the passage of the interstate commerce bill came
yhs morning, but it confined to the opening and
bhe first few minutes of trading, during which the
lost in no stock exceeded 1is per cent. The
market well supported and the favorable infiu-
once Of the elimination of the Richmond g. West
Point East Tennessee DEAL together with the favora-
BILE aspect of the Lake Shore Nickelplate
matter, created heavy demand for stocks,
and showed buoyant tone throughout the forenoon.
Richmond u West FONT naturally the riost no.
hceabe feature of the day, and steadily almost
without reaction, until just before the close. The
other Southern stocks were quiet and call for com
uent The Nickel-pate stocks weak, after the
AI9L lOur, upon the announcements OF an assessment
hinder the plan Of settlement with Lake Shore. There
soms tendency to sell among the foreign element
but it quickly disappeared and the shorts ran to
eoyer. which aided in producing the buoyant tone
before mentioned. The opening weak at
declines from last evenings final figures, ranging
from IA to "a per cent. generally, while Louisville ~
Nashville wac down ls and Richmond West Point
1l2 After momentary weakness, in which st Paul
conspicuous the entire market began to RISE and
before the end of the first hour advances ranging up
to On per cent. recorded After that
lime the market queted down considerably.
Ind, though still remaining strong. the advances
measured by fractions. In the afternoon prices
sngged somewhat. but toward p. M. the advance
resumed and the market closed active and strong
at the highest prices o. the day. Sales, 434, 842
shares Richmond & West Point furnished 149. 4O1;
Reading 90 IT'S; st. Paul. %. 300 and Consolidated
Gas, 20. GIL The net result of the days business is
that almost everything the active list shows an
advance and Richmond & West Point is up Al. the
preferred ls; Consolidated Gas gle; Delaware & Hud
son and Pacific Mail, each Ia; Union Pacific, Fer
against ], 949. ia for last week.
Railroad bonds active and firm throughout the
day, closing generally higher. The Nickelplate
issues the feature of the market being extreme
ly active and decidedly strong. The trust receipts
So, 108. OO0 and are II per cent. higher. at 90,
the seconds Ga, at SSl4 Indiana. Bloomington &
division sevens. ga, to 11Oli the seconds 2l4 te
B11 az, 900 against PS ,O66 900 tbs previous week
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